closed corporation


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Related to closed corporation: closely held corporation

closed corporation

n.
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.

closed corporation

n
(Commerce) US a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market. Also: close corporation

closed′ corpora′tion


n.
an incorporated business owned by a few individuals who seldom sell their stock and so retain control.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closed corporation - a corporation owned by a few people; shares have no public market
corp, corporation - a business firm whose articles of incorporation have been approved in some state
family business - a corporation that is entirely owned by the members of a single family
References in periodicals archive ?
One writer wrote, Disney is a strangely closed corporation.
Patkotak explained those issues were "keeping the corporation a closed corporation .
Turkmenistan has launched the first closed corporation - NAPECO national oil and gas company, according to the press service of the Turkmen President.
A Cleveland Police spokeswoman said officers closed Corporation Road to traffic between Kirkleatham Lane and Mersey Road after the crash took place.
A memorandum presented by the Minister of Transportation on converting a closed corporation agreement to an open corporation with APM Terminals, received cabinet approval, the Spokesperson also said.